Regulations Promulgated By The Commissioner Of Internal Revenue

Author : United States Internal Revenue Service
Publisher : Forgotten Books
ISBN 13 : 9781332031696
Total Pages : 22 pages
Book Rating : 4.0/5 (316 download)

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Download or read book Regulations Promulgated by the Commissioner of Internal Revenue, With the Approval of the Secretary of the Treasury, Relating to the Collection of Tax on Motion Picture Films written by United States Internal Revenue Service and published by Forgotten Books. This book was released on 2015-07-27 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Regulations Promulgated by the Commissioner of Internal Revenue, With the Approval of the Secretary of the Treasury, Relating to the Collection of Tax on Motion Picture Films: Title IX, Section 906, of the Revenue Act of 1918 Sec. 906. That on and after the first day of May, 1919, any person engaged in the business of leasing or licensing for exhibition positive motion-picture films containing pictures ready for projection shall pay monthly an excise tax in respect to carrying on such business equal to five per centum of the total rentals earned from each such lease or license during the preceding month. If a person owning such a film exhibits it for profit he shall pay a tax equivalent to five per centum of the fair rental or license value of such film at the time and place where and for the period during which exhibited. Article 1. Use of terms. - In these regulations, for convenience, unless obviously inapplicable, the term "Film" shall be held to mean positive motion-picture films containing pictures ready for projection; "Person" shall include partnerships, corporations, and associations, as well as individuals; "Lease" shall include license, and any method of letting and acquiring the use of a film for exhibition, for which a charge is made; "Lessor" shall include licensor, and any person granting to another the right to the use for exhibition of a film for profit; "Distributor" shall be synonymous with lessor or licensor; "Exhibitor" shall be synonymous with "lessee" or "licensee"; and "Rental value" shall include "license value." Art. 2. Effective date. - The tax is effective May 1, 1919, and attaches to sums accruing on account of exhibitions of films given on or after that date. See also article 11. Persons Liable. Art. 3. Lessors. - All persons whose business it is, as principals, whether it is their sole or principal business or not, to grant to others the right to use films for exhibition, are liable to the tax. If leases, contracts, or agreements whereby the right to the use of films is conveyed are entered into by one person acting for and in the name of another, the principal is liable to the tax. One executing such leases, contracts, or agreements in his own name will be regarded as a principal and as liable to the tax, unless the contrary is shown. Owners. - One who, being the owner of a film or of any interest therein, himself exhibits such film for profit, is also subject to tax. Lessees. - As to transfer of liability from lessors to lessees, by the statute under certain circumstances, see article 7. As to transfer of burden of tax by agreement, see article 8. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.